Great Bikes, Inc., allows Herb to take an Itasca-brand motorcycle for a “test run.” Herb tries...
Great Bikes, Inc., allows Herb to take an Itasca-brand motorcycle for a “test run.” Herb tries the bike for a few hours, returns, and buys it. This is
| a. |
a sale or return. |
|
| b. |
a sale on approval. |
|
| c. |
a lease. |
|
| d. |
a bailment. |
Homework Answers
b.a sale on approval.
under sale on approval the buyer uses the goods and upon being satisfied will buy it.
under sale or return the goods are sent to buyer primarily for resale.
lease involves a promise to return goods after the lease term.
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